Bitcoin looks like it is beginning to drop from an overbought condition on the 1 day chart.
There is bearish divergence as the price increased while the RSI declined.
The MACD just made a bearish crossover to the downside.
This could be the beginning of a sharp correction.
The same is happening with ETH and other alt coins.
There is bearish divergence as the price increased while the RSI declined.
The MACD just made a bearish crossover to the downside.
This could be the beginning of a sharp correction.
The same is happening with ETH and other alt coins.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.